First, let’s begin with a few observations from yes turd day.
OK. Busted.
Option A was selected. I think we got precipitous in the afternoon. But thunderous? That’s still wait and see. Let’s have a look again at the 5 hour bar per…
To give some perspective on this, here’s the 5 hr bar chart on the 24 hour ES S&P fugutures. Now this looks like a massive top, doesn’t it. But not all patterns that look like tops are tops. In fact, as you know, for the past dozen years, all patte…
Well, I’ve been warning about this horseshit bond market for 18 months or so, and that’s been the correct stance. After all, in March 2020 the 10 year hit 0.5%. It got back there in July and August 2020. This morning, it almost ticked 1.90. I have litt…
Could it bee-e-e-e-e-e-e….
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Short term cycle projection 1.90. Conventional measured move target from the massive high base inverse head and shoulders pattern, 2.35.
See Breakout Under Way!
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This one is a tough call. On the ES S&P futures, 4675 is an obvious fulcrum. Above that, bulls have the ball but not control. Below that, bears have the ball. Below 4645 bears would be in control for a move likely to test the low around 4575.
…
I’m talking about the EUR/USD.
Wow. Beautiful breakout. Not what your US earning, European living correspondent wants to see.
Hopefully, just a bear market rally return to the scene of the crime. A normal retracement to the breakdown area of…
There are cures, and then there are cures. This one looks good for a 5 day cycle projection of 4790. Whodathunk that the Rigor Mortis rally would have looked so good.
First there’s a little matter of resistance at 4727. If they don’t clear that t…
Ugh. Here we go again. Is this the beginning of the Rigor Mortis Rally I warned about?
The hourly chart of the ES fugutures is beginning to look a little Armageddonish. The last downtrending sport level is around 4647 as of 8…
When the Fed creates money, it injects it first into the financial markets, before it ever sees the light of day in the banking system.
